Anorak News | Credit Crunch: Cambodian Rats Bite Back

Credit Crunch: Cambodian Rats Bite Back

by | 4th, September 2008

CREDIT Crunch news of the day: Rat meat in demand as inflation bites.

The price of rat meat has quadrupled in Cambodia this year as inflation has put other meat beyond the reach of poor people, officials said on Wednesday.

With consumer price inflation at 37 percent according to the latest central bank estimate, demand has pushed a kilogram of rat meat up to around 5,000 riel (69 pence) from 1,200 riel last year. Spicy field rat dishes with garlic thrown in have become particularly popular at a time when beef costs 20,000 riel a kg.

The credit crunch is biting…

Posted: 4th, September 2008 | In: Money Comments (9) | TrackBack | Permalink